GST DUE DATE EXTENSION - SIGHTING COVID-19 PANDEMIC


In Summary following are the relief given for GST Compliances

For Detailed Information, Please read the circular through below link

GSTR-1 RETURN (Sales Return) - March, April & May 2020
The Due dates for the month of March, April & May 2020 would remain unchanged. But the late fees payable will be Nil, if the returns are filed on or before 30th June 2020. If filed later, then the respective late fee would be payable. This extension is irrespective of the turnover of the company

GSTR-3B RETURN (Summary & Payment Return)

A. Feb, March and April 2020

If Turnover is less than 1.50 Crore
The Due dates for Feb, March and April 2020 would remain unchanged.

But, the Interest & Late Fee will be Nil, if the returns are filed within following Due Dates. If filed later than that, the respective interest, late fee and penalty would be applicable right from the actual due date.

Feb 2020 - 30th June 2020
Mar 2020 - 3rd July 2020
Apr 2020 - 6th July 2020

If Turnover is between 1.50 crore to 5 crore
The Due dates for Feb, March and April 2020 would remain unchanged.

But, the Interest & Late Fee will be Nil, if the returns are filed within following Due Dates. If filed later than that, the respective interest, late fee and penalty would be applicable right from the actual due date.

Feb 2020 - 29th June 2020
Mar 2020 - 29th June 2020
Apr 2020 - 30th June 2020


If Turnover is above 5 Crore
The Due dates for Feb, March and April 2020 would remain unchanged.

But, Interest rate is subsidized as follows, if filed
  ~ Within 15 days from the actual due date - Nil
  ~ Before 30th June 2020 - Nil rate for first 15 days and 9% p.a for the remaining days in delay period
  ~ After 30th June 2020 - 18% p.a for the total delay period. No Relaxation.

B. May 2020

If Turnover is less than 5 Crore
The Due date has been changed to 12th July 2020 (Please note it is 14th July 2020 for some of the states - Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi)

If Turnover is above 5 Crore
The Due dates has been changed to 27th June 2020, irrespective of the state.

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